0 official action by a government to reduce the amount of money it spends, or the amount of money that people in a country spend:
The government has imposed harsh economic austerity measures to contain the crisis.
Austerity measures announced today include a €5 bn cut to the welfare budget.
NIEUWE WOORDEN
European
May 10, 2021
WOORD VAN DE DAG
Shimmer
austerity measures